Real Estate Prices and Overview
Lake Riviera median real estate prices are $270,722, which is more expensive than 42.3% of the neighborhoods
in New Jersey and 74.2% of the
neighborhoods in the U.S.
Average rental prices in Lake Riviera are currently
$1,407, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.2%
of the neighborhoods in New Jersey.
Lake Riviera is a suburban neighborhood (based on population
density) located in Brick, New Jersey.
Lake Riviera real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Lake Riviera neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lake Riviera, the current vacancy rate is 0.0%,
which is a lower rate of vacancies than 100.0% of all neighborhoods
in the U.S. This means that the housing supply in Lake Riviera
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Brick,
the Lake Riviera neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Lake Riviera neighborhood has more
Italian and Irish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 27.4% of
this neighborhood's residents have Italian ancestry and 19.5% have Irish ancestry.
Lake Riviera is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 98.8% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Lake Riviera neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, this Lake Riviera neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.6% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.4% of all neighborhoods in America.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Lake Riviera neighborhood in Brick are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 71.2% of the neighborhoods in America.
In addition, 4.7% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 76.6%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Lake Riviera neighborhood, 35.7%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 27.5% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(20.7%), and 15.4% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Lake Riviera neighborhood in Brick, NJ, residents
most commonly identify their ethnicity or ancestry as Italian
(27.4%). There are also a number of people of Irish ancestry (19.5%) , and residents who report German roots (7.0%) , and some of the residents are also of English ancestry (5.9%) , along with some Polish ancestry residents (4.8%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Lake Riviera
neighborhood is English, spoken by 87.8% of households. Other important languages spoken here include Spanish and Italian.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Lake Riviera neighborhood spend
under 15 minutes commuting one-way to work (32.8% of working
residents), one of the shortest commutes across America.
Here most residents (87.4%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.